Cathay General Bancorp SVP granted 886 RSUs
Cathay General Bancorp reported a compensation-related equity grant to its SVP and General Counsel, May K. Chan.
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Form Type
4
Rhea-AI Filing Summary
Cathay General Bancorp reported a compensation-related equity grant to its SVP and General Counsel, May K. Chan. She received 886 restricted stock units, each representing a contingent right to one share of common stock.
The restricted stock units are scheduled to fully vest on June 26, 2029, or earlier upon death, disability, retirement, or change in control. The filing also shows she directly holds 2,710 shares of common stock, which include 43.602 shares acquired year-to-date through dividend reinvestment.
Insider Trade Summary
Grant/Award: 886 shares
Grant/Award
2 txns
Insider
Chan May K.
Role
SVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 886 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 886 contracts (Direct);
Common Stock — 2,710 shares (Direct)
Footnotes (3)
- F1. Includes 43.602 shares acquired through dividend reinvestment year-to-date
- F2. Each restricted stock unit represented a contingent right to receive one share of Common Stock of the Issuer.
- F3. These restricted stock units are scheduled to fully vest on June 26, 2029, or earlier in the event of death, disability, retirement, or change in control.
Key Figures
RSU grant: 886 units
Common shares held: 2,710 shares
Dividend reinvestment shares: 43.602 shares
+2 more
5 metrics
RSU grant
886 units
Restricted stock units granted to SVP and General Counsel May K. Chan
Common shares held
2,710 shares
Direct common stock holdings following the reported transactions
Dividend reinvestment shares
43.602 shares
Portion of common stock acquired year-to-date via dividend reinvestment
RSU vesting date
June 26, 2029
Scheduled full vesting date for 886 restricted stock units
Underlying common stock
886 shares
Common shares underlying the 886 restricted stock units
Key Terms
Restricted Stock Units, dividend reinvestment, change in control
3 terms
Restricted Stock Units financial
"The restricted stock units are scheduled to fully vest on June 26, 2029"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment financial
"Includes 43.602 shares acquired through dividend reinvestment year-to-date"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
change in control financial
"or earlier in the event of death, disability, retirement, or change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cathay General Bancorp (CATY) report for May K. Chan?
Cathay General Bancorp reported that SVP and General Counsel May K. Chan received 886 restricted stock units. These units are a share-based compensation award tied to the company’s common stock and increase her potential future equity ownership if they vest.
How many restricted stock units did CATY grant to May K. Chan and what do they represent?
May K. Chan was granted 886 restricted stock units. Each unit represents a contingent right to receive one share of Cathay General Bancorp common stock, giving her potential ownership if vesting conditions are met and the units settle into shares.
When do May K. Chan’s 886 restricted stock units at Cathay General Bancorp vest?
The 886 restricted stock units are scheduled to fully vest on June 26, 2029. They may vest earlier if specific events occur, including death, disability, retirement, or a change in control of Cathay General Bancorp, according to the filing’s footnotes.
Are the restricted stock units granted to May K. Chan immediately payable in CATY common stock?
The 886 restricted stock units are not immediately payable in shares. Each unit is a contingent right to receive one share of common stock, becoming deliverable only if the vesting schedule and conditions described in the Form 4 footnotes are satisfied.
Is May K. Chan’s Form 4 transaction at Cathay General Bancorp a market purchase or sale?
The Form 4 reflects a grant of 886 restricted stock units, not an open-market purchase or sale. It is categorized as a grant, award, or other acquisition of derivative securities as part of compensation, rather than a discretionary trade in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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